China South Locomotive Co., Ltd. was established by China South Locomotive Group Co., Ltd. and Beijing Tiegong Economic and Trade Company with the consent of the State Council and the approval of the State Council State-owned Assets Supervision and Administration Commission. China CSR Group Co., Ltd. is mainly engaged in the design and manufacture of railway rolling stock, urban rail transit vehicles and related products, and has an important position and influence in the rail transit equipment industry in China. China South Locomotive Group Co., Ltd. has 27 subsidiaries, which are distributed in 10 provinces and cities in China. At the end of 2006, the total assets were 32.3 billion yuan and there were 90,000 employees. In 2006, it achieved sales income of 2,765.438 billion yuan, holding listed companies such as China CSR Co., Ltd. and China CSR Xiangyang Traction Motor Co., Ltd., and its main core assets have been injected into China CSR Co., Ltd.